Weekly Bank Overview (3.7—3.13)

Financial Network × Enterprise Warning App

◆Regulatory Voice

People’s Bank of China: Actively, Prudently, and Safely Promote the Application of Artificial Intelligence in the Financial Sector

On March 11, the People’s Bank of China held the 2026 Technology Work Conference, summarizing the achievements in digital central bank construction, cybersecurity, and other areas in 2025. The meeting called for focusing on risk prevention and strengthened regulation in 2026, planning the “14th Five-Year” technology development, advancing key projects, improving cybersecurity systems, cautiously promoting AI applications in finance, and enhancing standard service support capabilities.

◆Industry Focus

Six Rural Commercial Banks in Jiangsu Announce Merger to Form Xuzhou Rural Commercial Bank

Recently, six rural commercial banks in Xuzhou, Jiangsu Province—Xuzhou Rural Commercial Bank, Yixin Rural Commercial Bank, Feng County Rural Commercial Bank, Sui Ning Rural Commercial Bank, Pizhou Rural Commercial Bank, and Pei County Rural Commercial Bank—issued notices for temporary shareholder meetings. The meetings were held on the afternoon of February 28, with agendas including deliberation on the proposal to establish and merge into Jiangsu Xuzhou Rural Commercial Bank Co., Ltd., and cancel the original legal entity status. This indicates that these six banks will soon be merged into a new Xuzhou Rural Commercial Bank through a new establishment, with the original legal entities being dissolved.

Major Rate Cuts of Over 30 Basis Points: Small and Medium Banks’ Deposit Rates Drop Again

After the Spring Festival, as the “opening red” campaign waned, deposit interest rates in banks experienced another wave of reductions, mainly among local small and medium-sized banks. Data shows that the rate cuts mostly ranged from 5 to 30 basis points, with longer-term products seeing larger decreases. Industry insiders believe this adjustment is a follow-up to the nationwide rate reductions by large commercial banks earlier. Given that small and medium banks have more room to increase rates and still need to regulate deposit-raising behaviors, their funding costs remain higher than state-owned banks, leaving room for further rate cuts.

Bank Stocks Worth Over 100 Million Yuan Set for Auction After Multiple “Zero” Transactions

Recently, several large bank equity auctions have failed to attract buyers despite multiple discounts. On Alibaba’s judicial auction platform, multiple bank equities valued at over 100 million yuan, including Jiujang Bank and Guangdong Huaxing Bank, have been re-listed after repeated failed auctions, now entering the liquidation process. Additionally, on JD Asset Trading Platform, several more bank equities valued at over 100 million yuan have been newly listed for auction. Among them, approximately 223 million shares of Guangfa Bank held by Jiangsu Sugang Group will be auctioned in early April, with a starting price of 784 million yuan—this is the highest single bank equity auction amount this year.

◆Financial Personnel

Chengdu Bank: Huang Jianjun Approved as Director and Chairman

On March 11, Chengdu Bank announced that it received approval from the Sichuan Financial Regulatory Bureau to appoint Mr. Huang Jianjun as director and chairman. Huang Jianjun will also serve as the Party Committee Secretary, Director of the Strategic Development Committee, and the Special Authorization Committee for Credit Approval of the Board of Directors. His resume is detailed in the company’s announcement dated September 23, 2025.

Chengdu Rural Commercial Bank Chairman Wang Hui’s Appointment Approved

On March 12, the Sichuan Financial Regulatory Bureau issued an approval regarding Wang Hui’s appointment as director and chairman of Chengdu Rural Commercial Bank Co., Ltd., confirming his eligibility for the positions.

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(Edited by: Wang Xinyu)

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